Mortgage Rates Commentary 14 July 2010

Mortgage Rates

HBS has cut its two-year rate by 25 basis points to 7.10% which is the median for non-bank lenders.

Economic recovery or not? Looming inflation problem or not? Perhaps we really need Paul the Octopus to settle the debate, says ASB. But unless he says something different, ASB’s view remains that the economic recovery will continue steadily, not spectacularly.

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